Daibiru Corporation announces an Equity Buyback for 2,000,000 shares, for ¥2,500 million.
April 30, 2020 at 01:00 am EDT
Daibiru Corporation (TSE:8806) announces a share repurchase program. Under the program, the company will repurchase 2,000,000 shares, representing 1.71% of its share capital, for ¥2,500 million. The company will repurchase its shares in order to enhance shareholder returns and improve capital efficiency. The program will run until December 30, 2020. As of March 31, 2020, the company had 116,626,274 shares outstanding (excluding treasury shares) and 224,775 shares in treasury.